Lax Screening

Jaime Luque
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Jaime Luque: 1University of Wisconsin-Madison, USA

Chapter 23 in The Subprime Crisis:Lessons for Business Students, 2017, pp 197-205 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The housing bubble that preceded the Great Recession had many underlying causes. One of the key causes of this bubble was the ease in which individuals were being granted mortgage loans. This credit expansion effectively granted loans to individuals who would have otherwise not been able to meet the necessary criterion. Was this decline in lending standards the root cause for the housing bubble?…

Keywords: Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates (search for similar items in EconPapers)
JEL-codes: G01 G1 (search for similar items in EconPapers)
Date: 2017
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